Google Plays Catch-Up In The Cloud With Amazon And Microsoft
Google’s 2004 initial public offering is ancient history in Silicon Valley time. But buried in an IPO prospectus this month from another tech wunderkind, Snapchat, were clues to the future growth of Google and its parent, Alphabet (GOOGL).
Forget Google’s much-touted but money-losing “other bets,” far-flung businesses ranging from home automation to the Google Fiber broadband service. The real story is in one of the tech giant’s three “big bets” — cloud computing — which could become Google’s first major revenue source not based on advertising.
SAP to Offer Its Business Apps on Google Cloud
Germany’s SAP is teaming up with Silicon Valley giant Google to allow customers to run SAP’s big business applications on Google’s cloud while offering Google’s suite of web-based desktop apps to users, the company said on Wednesday.
Google Cloud touts major enterprise customers as it runs to catch up to AWS
It was only six months ago that Google rebranded its enterprise business as Google Cloud. On Wednesday at the Google Next conference in San Francisco, Google Cloud SVP Diane Greene touted Google Cloud’s enterprise clout, trotting out major customers signing onto the Google Cloud Platform (GCP), like Colgate-Palmolive, Home Depot and Disney.
The cloud is disrupting traditional operating models for IT departments and entire organizations.
“Does anybody not agree it’s the biggest thing going on in IT right now?” Greene said of the cloud. In addition to seeing “unbelievable acceleration” in Google’s cloud business, “the quality of our customer conversations are really changing,” she said.
Today’s Trading Lesson…
Trading without a plan is the fastest plan to getting separated from your money.
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On the Tape Today | 3-9-17
SWKS | Skyworks Solutions showing a day of relative strength and an inside day breakout. Game planning a $97 buy-stop and looking for a penetration of the 2-week consolidation taking the stock price through $100. First target to sell in the $105 area. Stop loss if filled below $96.
OXY | Occidental Petroleum Corp one of many oil & gas stocks imploding yesterday. I like this today because the stock prices comes out of a short-term consolidation and remains in solid bearish order flow. The stock price also tore through long-term support with fuel. Game planning a 2 day trade with a $61.75 sell-stop.
Tape Reading the SPY ETF
$SPY continues to melt lower without conviction. Last week we called for you to take profits the day after the Trump speech. Profit-taking after the wildly approved speech was obvious. Now it’s time to begin looking for a spot to bid.
The jobs report has throttled the market like the spigot on your garden hose. Just a slow drip with plenty of pressure behind the knot. Don’t get put to sleep.
Boring markets catch you off-guard when they explode. Manage your risk until the stock market indices pick up in range.
Although the general market has slowed, energy stocks continue to offer solid bearish order flow. Scroll down and see which of these stocks have room to go.
Stock Market Today: Heatmap of the S&P 500
Stocks to Trade 3-9-17 | Thursday Edition
Short-Term Trading Momentum
Bullish Momentum: MOMO, AKAO, RH, LEN
Bearish Momentum: sm, dvn, clr, nfx, eog, lng, pe, cop, apa, hes, oke, hal oxy, bhi, rio, nvda,
Quarterly Order Flow
Bullish Stocks to Trade: BIVV, INCY, AET, HD, AMZN, FB, AMGN, AVGO, UNH, BA, COF, AMT
Bearish Stocks to Trade: sm, dvn, clr, nfx, apa, hes, oxy, xom, eqt, teva, yelp, psx, nem, tgt, kors, lb
2x Normal Volume: MOMO, URBN, RIO, TRIP, NOV, DKS, DISH, NFX
Inside days: AAPL, MGM, KR, FB, MRK, NKE, DKS, ESRX, MO, PYPL, AA, CRM, JWN, MA, BA, DG, WDC, TWLO, FSLR
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